Global Debt Crisis Cause and Effect Essay

Global Debt Crisis
An examination of the causes of the 2007-2010 global debt crisis and the initiatives that have been undertaken by governments to prevent another crisis like it in the future.
# 118898 | 1,451 words | 3 sources | APA | 2009 | KE
Published on Mar 14, 2010 in Economics (International) , History (General)


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Description:

This paper discusses the history and causes of the 2007-2010 global debt crisis and the cost of the crisis to the global economy. The paper examines the regulatory controls and existing compliance and shows how they are inadequate. The paper also looks at some of the initiatives that have been undertaken by governments as a result of the crisis and discusses what more needs to be done to correct the situation and to ensure that such a crisis does not occur in the future. The paper contains graphs.

Table of Contents:
Introduction
Causes of the global debt crisis
Conclusion

From the Paper:

"While the above steps are viable for reliving the debt crisis in the world, they may also have negative impact especially in the US. Use of debt to finance the global crisis would increase the national deficit to a level that could not be sustained in the future. The efforts of the federal government to aid the global financial system is only leading to new and significant financial commitments which are either in form of loans, loan guarantees and investment. This does not amount to direct expenditure which can only help improve the economy hence; the strategies may not aid the recovery of the US economy ."

Sample of Sources Used:

  • DLA Piper (2008): THE GLOBAL CREDIT CRISIS AND THE GLOBAL RESPONSE. Retrieved on 5th September 2009 from, http://www.dlapiper.com/files/upload/Alert_Update_Global_Credit_Crisis_US_Gov_Response_Oct16_08.html.
  • Tamming, A. T. & Petrov, K. (2008): CREDIT CRISIS - THE WORST IS YET TO COME: Financial System Upside Down. Retrieved on 5th September 2009 from, http://www.financialsense.com/editorials/petrov/2008/1208.html.
  • Tziahanas, G. T. (n. d): Compliance After the Global Credit Crisis. Retrieved on 5th September 2009 from, http://publications.autonomy.com/docs/Compliance%20After%20the%20Credit%20Crisis.

Cite this Cause and Effect Essay:

APA Format

Global Debt Crisis (2010, March 14) Retrieved December 08, 2022, from https://www.academon.com/cause-and-effect-essay/global-debt-crisis-118898/

MLA Format

"Global Debt Crisis" 14 March 2010. Web. 08 December. 2022. <https://www.academon.com/cause-and-effect-essay/global-debt-crisis-118898/>

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